Knicks return to East finals after 4-0 series win Team hit record 11 three-pointers in first quarter Knicks fans dominate in 76ers’ home arena The New York Knicks are back in the Eastern Conference finals, setting an NBA postseason record with 11 three-pointers in the first quarter in front of a raucous crowd mostly rooting for the road team in Philadelphia. The Knicks’ 144-114 win on Sunday compl...
Knicks return to East finals after 4-0 series win Team hit record 11 three-pointers in first quarter Knicks fans dominate in 76ers’ home arena The New York Knicks are back in the Eastern Conference finals, setting an NBA postseason record with 11 three-pointers in the first quarter in front of a raucous crowd mostly rooting for the road team in Philadelphia. The Knicks’ 144-114 win on Sunday completed their series sweep of the 76ers. Deuce McBride hit seven of New York’s NBA postseason record-tying 25 three-pointers and scored 25 points. Jalen Brunson had 22 points and Josh Hart and Karl-Anthony Towns each scored 17 in the Knicks’ latest lopsided playoff victory. Continue reading...
Happy Monday morning. Any hope of a steadier US-Iran ceasefire has taken another hit, with Donald Trump knocking back Tehran’s latest peace overture. Closer to home, healthcare giant CSL cut its full-year outlook, while One Nation is riding a fresh wave of momentum after its weekend by-election win. And in Canberra, Treasurer Jim Chalmers is setting the tone ahead of tomorrow’s budget, telling Blo...
Happy Monday morning. Any hope of a steadier US-Iran ceasefire has taken another hit, with Donald Trump knocking back Tehran’s latest peace overture. Closer to home, healthcare giant CSL cut its full-year outlook, while One Nation is riding a fresh wave of momentum after its weekend by-election win. And in Canberra, Treasurer Jim Chalmers is setting the tone ahead of tomorrow’s budget, telling Bloomberg the current settings on housing and tax are “unfair and unacceptable” — Angus Whitley , Global Business reporter What’s happening now Australian biotech CSL Ltd. cut its full-year outlook and flagged about $5 billion in additional impairments, saying a turnaround will take longer than expected after a review by its interim chief executive. The firm now expects revenue of about $15.2 billion and net profit of about $3.1 billion for the year ending June 30, 2026. Far-right Australian party One Nation won its first lower house parliamentary seat with David Farley securing almost 60% of the vote in the seat of Farrer in Saturday’s by-election. In his victory speech, he criticized immigrants who “give us nothing” and vowed to target “damn net-zero programs.” Australia’s upcoming budget will take aim at soaring home prices and seek to make it easier for people to gain a foothold in the housing market, Treasurer Jim Chalmers said in an interview . The government is mulling changes to tax concessions — including negative gearing and capital gains tax — which have been widely viewed as favoring property investors, according to recent reports. Worries in the private credit market stem from retail-driven liquidity problems rather than the health of the underlining portfolio, Frank Kwok, chief financial officer at Macquarie Group Ltd., said in an interview . Concerns have bubbled in private credit markets this year, with investors spooked by the risk of technological disruptions and access to liquidity. Australia’s military is ready to deploy with its allies if needed in Asia or...
Gold fell as President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears as weekend clashes in the Middle East threatened a fragile ceasefire. Bullion traded near $4,689 an ounce, after rising around 2% last week. Peace progress was derailed again after Trump labeled Iran’s latest response to his proposal to end the co...
Gold fell as President Donald Trump rejected Iran’s latest peace offer to end the 10-week conflict choking the Strait of Hormuz, fanning inflation fears as weekend clashes in the Middle East threatened a fragile ceasefire. Bullion traded near $4,689 an ounce, after rising around 2% last week. Peace progress was derailed again after Trump labeled Iran’s latest response to his proposal to end the conflict as “totally unacceptable.” The setback may keep the inflation risk elevated as well as the expectation for higher interest rates, which weigh on non-yielding bullion. Read More: Trump Rejects New Iran Peace Offer as ‘Totally Unacceptable’ Weekend attacks in the Middle East also underscored the fragility of the ceasefire that began on April 8. A drone strike on Sunday briefly set a cargo vessel ablaze off Qatar in the Persian Gulf. The United Arab Emirates and Kuwait also said they had intercepted hostile drones. Looking ahead, consumer price data due Tuesday is likely to affirm inflation remains a threat in the US, following March’s biggest monthly advance since 2022. Data released Friday showed that US employers added to payrolls for a second month in April, marking the first back-to-back advance in nearly a year, and the unemployment rate held steady at 4.3%. This offers the Federal Reserve space to keep interest rates unchanged for the foreseeable future as they focus on fresh inflationary risks from the war with Iran. Spot gold fell 0.6% to $4,689.29 an ounce as of 6:37 a.m. in Singapore. Silver was down 0.8% to $79.67. Platinum and palladium declined. The Bloomberg Dollar Spot Index , a gauge of the US currency, was up 0.1%.
Hong Kong’s economy first took off as a trading hub, and then as a global financial centre. Given its advantageous location, it’s only natural that it should be a logistics and transport powerhouse. It’s not for nothing that some of our most famous tycoons of the last century made their names in shipping. Since major ports along coastal China have taken some of the shine off the city, it is even m...
Hong Kong’s economy first took off as a trading hub, and then as a global financial centre. Given its advantageous location, it’s only natural that it should be a logistics and transport powerhouse. It’s not for nothing that some of our most famous tycoons of the last century made their names in shipping. Since major ports along coastal China have taken some of the shine off the city, it is even more important that we stay competitive and maintain our strategic maritime edge. That includes...
The stock market has spent much of 2026 acting like geopolitical risk is just background noise. The S&P 500 keeps pushing toward record highs, AI spending remains red hot, and investors have largely shrugged off the widening conflict involving Iran. But what if Tehran found a pressure point far more dangerous than oil tankers? That’s ... Iran May Have Found a New Way to Threaten Trump’s Economy — ...
The stock market has spent much of 2026 acting like geopolitical risk is just background noise. The S&P 500 keeps pushing toward record highs, AI spending remains red hot, and investors have largely shrugged off the widening conflict involving Iran. But what if Tehran found a pressure point far more dangerous than oil tankers? That’s ... Iran May Have Found a New Way to Threaten Trump’s Economy — And It’s Not Oil
Customers paid a collective $59 million toward a gold smartphone that Trump Mobile promised would be “Made in the USA” — but that doesn’t seem to have actually been made.
Customers paid a collective $59 million toward a gold smartphone that Trump Mobile promised would be “Made in the USA” — but that doesn’t seem to have actually been made.
Match of the Day pundit Danny Murphy explains why Arsenal manager Mikel Arteta deserves credit after his side beat West Ham to take a huge step towards the Premier League title.
Match of the Day pundit Danny Murphy explains why Arsenal manager Mikel Arteta deserves credit after his side beat West Ham to take a huge step towards the Premier League title.
CSL Ltd. cut its full-year outlook and flagged about $5 billion in additional impairments, saying a turnaround will take longer than expected after a review by its interim chief executive. The Australian biotech now expects revenue of about $15.2 billion and net profit of about $3.1 billion for the year ending June 30, 2026 — both at constant currency — after demand trends and market pressures wei...
CSL Ltd. cut its full-year outlook and flagged about $5 billion in additional impairments, saying a turnaround will take longer than expected after a review by its interim chief executive. The Australian biotech now expects revenue of about $15.2 billion and net profit of about $3.1 billion for the year ending June 30, 2026 — both at constant currency — after demand trends and market pressures weighed on performance, the company said in a statement Monday. Interim CEO Gordon Naylor said growth initiatives are “working” but that benefits will take longer to materialize, with inventory normalization in US immunoglobulin, weaker albumin pricing in China and other factors hitting revenue. CSL also warned of further non-cash writedowns tied to its Vifor acquisition and underutilized assets, adding to earlier impairments as it tries to reset strategy and restore growth.
For decades, the 4% rule has been one of the most widely cited guidelines in the context of retirement planning. The idea is simple -- withdraw 4% of your savings during your first year of retirement, adjust future withdrawals for inflation , and theoretically enjoy a portfolio that lasts roughly 30 years. The 4% rule has gained a lot of popularity over the years because it addresses a core fear a...
For decades, the 4% rule has been one of the most widely cited guidelines in the context of retirement planning. The idea is simple -- withdraw 4% of your savings during your first year of retirement, adjust future withdrawals for inflation , and theoretically enjoy a portfolio that lasts roughly 30 years. The 4% rule has gained a lot of popularity over the years because it addresses a core fear among retirees -- running out of money. The rule is based on actual market data. Image source: Getty Images. Continue reading
Cerebras Systems Inc. is considering raising its initial public offering price range to between $150 and $160 per share, up from $115 to $125 per share previously, Reuters reported on Sunday. The artificial intelligence chipmaker also plans to increase the number of shares offered via the IPO to 30 million from the 28 million it previous planned, the report said, citing unnamed sources familiar wi...
Cerebras Systems Inc. is considering raising its initial public offering price range to between $150 and $160 per share, up from $115 to $125 per share previously, Reuters reported on Sunday. The artificial intelligence chipmaker also plans to increase the number of shares offered via the IPO to 30 million from the 28 million it previous planned, the report said, citing unnamed sources familiar with the matter. The reported adjustment comes as the chipmaker saw strong demand from investors for its offering, which had already received indications of interest from investors for more than $10 billion of shares before formal marketing began. People familiar with the matter told Bloomberg on Friday that Cerebras expects to raise the price range to $125 to $135 per share as soon as Monday. Based on new price range and share offering reported by Reuters, the chipmaker could raise roughly $4.8 billion should the shares price at $160 per share.